Mr Turnbull said AusPost has had its arms tied by regulations and obligations and a time when the Australian public needs to be told why hard decisions are being taken. “It’s a high-fixed-cost business and the volume of letters is dropping,” Mr Turnbull said.
In regards to the NBN, Mr Turnbull said the entire reporting process had now been made transparent, with regular updates on rollout progress and the financial health of NBN Co. “The changes we have made have not been without controversy but by and large the Australian public now understands where the project stands,” he said.
Speaking at the CEDA’s State of the Nation conference in Canberra, Mr Turnbull said while the NBN process had been hamstrung by poor management, AusPost’s traditional business model has been hit with a “tsunami of technology".
AusPost has also been subjected to similar rigour, with the minister highlighting the efforts of AusPost’s management and the Boston Consulting Group (BCG) to prepare the company for a new future.
Australia Post and the National Broadband Network are both in the same boat when it comes to a secure long-term future, with Communications Minister Malcolm Turnbull saying that both have suffered limited capacity to respond to profound challenges.
Read more here: Business Spectator